Briefly

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 9 pips to 6.8167 against the US dollar on Monday, according to the China Foreign Exchange Trade System.

SOEs report 1.9%profit growth

Chinese State-owned enterprises and State-controlled enterprises reported combined profits of more than 1.37 trillion yuan ($202 billion) in the first four months of 2026, representing year-on-year growth of 1.9 percent, latest government data showed. During this period, Chinese SOEs' total operating revenue came in at roughly 26.27 trillion yuan, down 0.5 percent, according to data released by the Ministry of Finance. The SOEs' debt-to-asset ratio stood at 65.5 percent at the end of April, the data revealed.

Xinhua - China Daily